Las Vegas Homes News

Mixed-Use Developments Boon Or Bane?

Las Vegas real estate developers are turning to mixed-use developments to combat the high cost of land and its effect on the affordability of homes for Las Vegas. Real estate developers are also turning to other ideas

- increasing the residential density,

- reducing lot sizes to 4000 sq feet for tract homes and

- turning to mid-rise and high-rise blocks of apartments instead of the single-family homes which were the norm a few year ago.

The mixed-use developments are offering residential, retail and office space within a location which allows for the residents to shop and even work in the same area.

These projects in suburban locations, are offering home buyers maintenance-free lifestyle opportunities according to Peter Dennehy in a report from the Sullivan Group.

For example two mixed-use developments include the Carina Corp's 40-acre Village at Centennial Springs is a mixed-use project in the northwest valley. Diversified Real Estate Group started work on the 50-acre Urban Village on Las Vegas Boulevard South, and The Curve is planned on 47 acres in Southwestern Las Vegas.

Though mixed-use projects are catching up they are a lot of complex issues associated with such projects. Residential, office and retain spaces have their challenges and opportunities. There are different zoning laws and rules applicable to each.

Right now there is no law specific to mixed-use developments and developers are using the loop holes in the law to exploit non-residential purpose land for residential use to cater to the increasing demand for homes.

posted by Diane @ 9:22 AM 0 comments   

Major Achievements of 2005 session of the Nevada legislature

The 2005 session of the Nevada legislature will be remembered for the number of major policy decisions, which were passed. If Governor Guinn signs all these then it will indeed be a major achievement for the State, the legislature and the Governor.

Health Care -- Mental health will get a 50 percent increase in budget. The most neglected part of the health policy will now have enough funds to hire much needed staff to take care of increasing number of patients with mental illnesses.

Low cost medicines from Canada can also be purchased through a state-run website to make medicines more affordable to the needy.

Cap on Property Tax: Guinn signed into law a cap on annual property tax increases of 3 percent annually for owner-occupied homes and owners of low-income apartment complexes, and 8 percent a year for all other property owners.

Reduction in Pay Roll Tax: A proposed reduction in payroll taxes from .65 percent to .63 percent of gross payroll will save businesses an estimated $14 million over the next biennium.

Higher Education will get a boost through a proposed $200 million capital improvement spending program that would result in new infrastructure for colleges and universities in Nevada.


These are only a few of the many new policies passed by the legislature. Now they await the Governor to give approval. And most all will get them all these items were on Governor's agenda and he was the one who pushed for them to be passed by the Legislature.

posted by Diane @ 3:58 AM 0 comments